“Scion retained Triad to market a 352-bed property at Illinois State University called Campus Point, one of the first projects we ever acquired. We knew the property had some challenges due to its smaller size and that Triad was a perfect fit to find an “off the radar” buyer. They did just that, producing six competitive offers within the projected sales range. However, during the sale process we also explored a possible refinance. After receiving a very strong valuation on the appraisal and excellent term sheets, we ultimately decided to refinance Campus Point and shift one of the buyers over to another property we owned, University Mills at the University of Northern Iowa. This group was in a 1031 exchange and was more motivated to purchase this property due to its proximity to their home base. In the end, we closed the sale at a strong price on University Mills and achieved a great refinance outcome on Campus Point. Triad was flexible, creative and instrumental in creating a successful result in both properties. We look forward to continuing to develop our relationship with Triad as we both grow our respective positions in the student marketplace.”
The Scion Group, LLC.
“I recently had the pleasure of working with Triad Real Estate for the first time on the sale of a student property in Indiana. I was thoroughly impressed with Triad’s extensive marketing reach and management of the marketing process as well as their role in getting this transaction closed. They consistently and effectively proposed solutions to any issues that arose and managed the entire transaction very effectively, from the initial marketing to the closing. I look forward to working with Triad again and would highly recommend them to any owner looking to divest assets in the Midwest.”
Aspen Square Management, Inc.
“We found Triad to be extremely attentive, exceptionally knowledgeable in the multifamily and student housing sectors, and willing to dive into the detail to understand value and ultimately communicate a compelling value proposition to prospective acquirers. Triad may be on the smaller side of brokerage houses, but we view that as a positive, translating to a high level of personalized customer service. For an owner looking to expand their buyer pool and garner top dollar for the investment, look no further than TRIAD – they’ll carry your deal to the finish line.”
T. Drew Mitchell
“My company worked with Triad on a sizeable Student Housing acquisition at Northern Illinois University in DeKalb, Illinois. It was not a straightforward deal and I was impressed with how the principals at Triad were able to navigate several of the challenges that presented themselves throughout the process. Their in-depth knowledge and understanding of the student housing market and the business of brokerage was evident as they helped navigate our deal towards a successful closing. We would not hesitate to recommend Triad to anyone who is active in the marketplace and we look forward to working with them again in the near future.”
Hunter Management LLC
“We’ve hired Triad Real Estate Partners to sell five Low Income Housing Tax Credit multi-family properties in three different states and without fail they have delivered multiple offers and a quick and efficient close.
Their experience in the tertiary markets is second to none and they leave no stone unturned when it comes to local, regional and national marketing. They also have an in-depth knowledge of the Section 42 LIHTC program which is critical for handling these assignments, educating first time buyers, and walking them through the process. We’ve also been extremely pleased with their personal attention to each property tour and the way they’ve worked with our existing staff, always ensuring a smooth transition. The best thing about hiring Triad Real Estate Partners has been how they manage the overall process. With a ton of other things on my plate it’s great to have someone you can rely on to do a great job and keep you informed without requiring you to micromanage the process.”
We would certainly recommend working with Triad Real Estate Partners on affordable housing assets throughout the Midwest.
Senior Asset Analyst
“We’ve had the opportunity here at The PrivateBank to work with Triad Real Estate Partners on two very challenging distressed student housing assets at Wright State University and the University of Toledo.
The first asset was a 132-bed new construction REO deal at Wright State where Triad recommended an excellent receiver and then delivered multiple offers from local, regional and national sources. Despite serious occupancy issues, we ended up working with a strong local owner/operator who was able to close in less than 10 days.
The second asset, a portfolio of properties totaling 629 beds at the University of Toledo had even more moving parts. Here Triad deftly navigated the borrower, receiver, another bank and a host of asset-based issues including vacancy and deferred maintenance. Triad again delivered multiple offers, mainly from national student housing groups and eventually structured a complex note sale to meet the bank’s goals.
Overall, we would highly recommend working with Triad Real Estate Partners, especially on student housing assets. They’re deep local market knowledge and extensive marketing reach make them an ideal brokerage partner.”
“Fifth Third Bank engaged Triad Real Estate Partners to list and sell a 384 Bed Student Housing Property in Charleston, IL. The property was located near Eastern Illinois University, which had been struggling with declining enrollment. Triad was able to showcase the asset to the right investors, and generate 3 offers for consideration. The selected offer was negotiated and closed in accordance with the Bank’s timeline for ownership of the asset. Throughout the process Triad was engaged and communicated the status of the offers at all times. They are a professional group with a wide network and I would highly recommend them for a Student Housing assignment.”
Senior Asset Sales Manager
Fifth Third Bank